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- Toyota (NYSE:TM) global vehicle sales were down 2% in May year-over-year to 888,491, reflecting a significant decline in sales within Japan for its Toyota brand.
- This is the fourth consecutive month of year-over-year decline in sales.
- In the U.S., Toyota (TM) sales were up 15.7% led by sales of the Land Cruiser and launch of the new Toyota Camry. European sales were up 7.3% but dropped 13.2% in Latin America and were down 6.9% across Asia, led by a 13.6% drop in China.
- Total global production was down 5% to 900,195 led by production declines in Europe (-5.3%), Asia (-11.0%) and Latin America (-10.8%), representing 5 consecutive months of year-over-year production declines.
- Production in the U.S. increased by 6.5% but was down 14% in Mexico, resulting in a modest 0.8% production increase in all of North America.
- Electric vehicle sales (including battery-electric, fuel cell, plug-in hybrid, mild hybrid, and hybrid) increased 26.3% in May year-over-year to 360,872 with North American sales up by 53.2%.